20th Nov 2007 16:08
China Goldmines PLC20 November 2007 20th November 2007 China Goldmines plc ("China Goldmines" or the "Company") Foreign Investment in China Changes to foreign mining investment in China China Goldmines plc (AIM: CGM), the gold resources company focussed on thediscovery and development of gold projects in the Hunan Province of China,announces that there have been no limitations placed on the Company by theChinese government in their new 2007 Catalogue on Mining and Exploration of GoldResources by Foreign Invested Enterprises in China, released on October 31,2007, by the National Development and Reform Commission and the Ministry ofCommerce. Frank Vanspeybroeck (CEO), commented that: "The Company has been advised thatthere have been neither any new nor any additional limitations placed on theCompany by the 2007 edition of the Catalogue. The Company has commenced itsfirst stage of development through its international management team inproceeding with the refurbishment process of all the underground mines, to datewe have had great support from the local community and local government, and wefully expect that support to continue." Ends For additional information: China Goldmines plcFrank Vanspeybroeck (CEO) Mobile: +61 41 116 6276Alec Worrall +44 207 788 7621Marinko Vidovich (CFO) Mobile: +61 41 997 4744Changsha Office +86 731 515 8211 Brewin Dolphin Limited +44 141 221 7733(Nominated Adviser)Alan Stewart (Corporate Finance) Parkgreen Communications +44 20 7851 7480Justine HowarthErica Nelson This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
CGM.L